Navigation Links
Craneware Reports Six Monthly Financial Results
Date:2/22/2010

ATLANTA, Feb. 22 /PRNewswire/ -- Craneware plc (AIM: CRW.L), the leader in automated revenue integrity solutions for the U.S. healthcare market, is pleased to announce its financial results for the first half of fiscal year 2010. The company reports its financials on a six-month basis.  

Financial Highlights for the six months ending 12/31/09 include: (all figures in US dollars)

  • Total of $25.0m of contracts signed in the half (H109: $21.8m)
    • 25% increase in revenues to $13.3m (H109: $10.6m)
    • Future revenues under contract increasing to $71.8m (FY09: $60.1m).
  • EBITDA(1) increased 36% to $3.4m (H109: $2.5m).
  • EBITDA(1) margin increased to 26% (H109: 24%).
  • Profit before taxation increased by 28% to $3.3m (H109: $2.6m).
  • Basic EPS increased by 18% to $0.092 (H109: $0.078).
  • Interim dividend of 4.7 pence / 7.2 cents per share with total dividend for FY10 expected to be in line with stated progressive dividend policy. (FY09 Interim dividend 1.8 pence / 2.7 cents; FY09 total dividend 4.7 pence / 7.2 cents).

(1.)  EBITDA refers to earnings before interest, tax, depreciation, amortization and share based payments

Operational Highlights First Half of FY2010

  • Launched the Company's fifth product, Supplies ChargeLink™, and secured first sales
  • Increased product attachment rate to 1.5 (compared to 1.4 in FY09)
  • Signed reseller agreement with McKesson and secured first sales
  • Signed a multi-year contract with North Shore-LIJ Health System, the largest integrated healthcare system in New York State.

"Due to current legislative and fiscal pressures on healthcare providers, our customers are focusing on revenue integrity, a niche in the U.S. IT healthcare market, of which we are at the forefront," said Keith Neilson, CEO of Craneware. "These market dynamics combined with Craneware's focus on quality software and customer support have led to another record half of sales. With our sixth product due to launch this calendar year and our ongoing focus on sales execution, we are confident in our ability to achieve significant revenue and earnings growth."

A full copy of the Company's Half-Yearly Results can be found on Craneware's Web site at craneware.com. In the Investors area of the Web site, click on Announcements.

About Craneware

Craneware (AIM: CRW.L) is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Craneware's market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. This optimizes reimbursement, increases operational efficiency and minimizes compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.

SOURCE Craneware, Inc.

Back to top

RELATED LINKS
http://www.craneware.com

'/>"/>

SOURCE Craneware, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Cranewares Chargemaster Toolkit(R) Earns #1 KLAS Rank for Fourth Consecutive Year
2. Craneware Announces Fiscal Year-End Results
3. Craneware to Highlight Best Practices for Optimizing Revenue Capture Processes in Two Seminar Presentations during HFMAs 2009 ANI: The Healthcare Finance Conference
4. Craneware Supports Hospitals Compliance and Upfront Collections with Accurate Estimates
5. Craneware Appoints New Non-Executive Director
6. Craneware to Offer Financial Performance Solutions to Hospitals and Healthcare Providers Through Premier, the Largest U.S. Healthcare Alliance
7. Craneware and St. Joseph to Present Revenue Enhancement Success Story at HIMSS
8. Craneware Announces Half-Year Results
9. Remove Diabetes Drug Avandia From Market: FDA Reports
10. GSI Group Reports Preliminary Fourth Quarter 2009 Bookings, and Cash Balance
11. NIH Stem Cell Guidelines Should Be Modified, UCSF Team Reports
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... ... 2017 , ... International Protein, a company based out of Australia that focuses ... January ECRM trade show in Hilton Head, SC. , International Protein was founded ... a line of products that would elevate her fitness regime. At this ECRM trade ...
(Date:1/20/2017)... ... January 20, 2017 , ... ... sugar-free alternative VW+ 002. The drinks have been produced in collaboration with Zlatan ... perform during your workout. , After a successful launch in Sweden last year, ...
(Date:1/20/2017)... ... 20, 2017 , ... “Code Word: Chocolate Biscuit”: a biographical account following a man who went ... creation of published author, Marlyn Ivey, born in Lynn Haven, Florida and at the age ... at 19 years of age, he joined the Navy and got married right out of ...
(Date:1/20/2017)... ... ... in Suffolk”: a story of love, secrets, and mystery. “Christmas in Suffolk” is ... works in a daycare and looks for inspiration in the local coffee shop as ... Seymour’s new book is an adventure of love and secrets. , After ...
(Date:1/20/2017)... ... ... “The Land of More and More”: a brilliant story for children and adults ... and achievable answer. “The Land of More and More” is the creation of published ... Indiana where he works with the children’s ministry department. , Michael says that ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... , Jan. 19, 2017 ViewRay, Inc. ... a federal institution supporting research in Germany ... and patient treatments at the University Clinic Heidelberg as ... The MRIdian Linac program will be headed by ... also heads radiation oncology at the German Cancer Research ...
(Date:1/19/2017)... 19, 2017   Science Exchange , the leading ... that the first five replication studies from the ... published in eLife today. Despite intense scrutiny around ... practical evaluation of reproducibility rates that may identify ... other assessments of reproducibility, the results of this ...
(Date:1/19/2017)... , January 19, 2017 ... Option to Address Motor Symptoms and Motor Complications ... ...      (Logo: http://photos.prnewswire.com/prnh/20151014/276718LOGO) ... , European Neurological Review,2016;11(Suppl. 2): 2-15, http://www.touchneurology.com/articles/safinamide-new-therapeutic-option-address-motor-symptoms-and-motor-complications-mid-late ...
Breaking Medicine Technology: